Newcrest Mining — H1 FY2019 Earnings Presentation
74 slides from Newcrest Mining's earnings presentation, February 2019
Slide 1: Newcrest Briefing Book
Newcrest Briefing Book February 2019 0
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This presentation includes forward looking statements. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, “outlook” and “guidance”, or other similar
Slide 3: Safety update
Safety update FY16- FY19 YTD TRIFR1 Critical Control Management Verifications 3.7 3.3 876 2.4 2.3 FY19 YTD 151k FY19 YTD FY16 FY17 FY18 H1 FY19 Integrated Safety System Highlights with existing systems • Newcrest’s three safety pillars continue to deliver improvement: • A strong safety culture Proce
Slide 4: Investment Proposition
Investment Proposition Long Low cost reserve life production Organic growth Do what options we say (at Cadia, Lihir and Wafi Golpu) Strong exploration & technical Financially robust capabilities 3
Slide 5: An aligned executive remuneration structure
An aligned executive remuneration structure 1 Short Term Incentive Criteria Long Term Incentive Criteria 1 Each of the CEO, CFO and other Executives have different personal measures. 4
Slide 6: Our operating assets and advanced project
Our operating assets and advanced project Cadia Lihir FY19 Prod. Guidance: 800-880koz Au, ~90kt Cu FY19 Prod. Guidance: 950-1,050koz Au H1 FY19 AISC: $131/oz H1 FY19 AISC: $925/oz Ore Reserves: 22moz gold & 4.3mt copper Ore Reserves: 24moz gold Mineral Resources: 38moz gold & 8.3mt copper Mineral Re
Slide 7: Newcrest retains long reserve life advantage
Newcrest retains long reserve life advantage Note: Width of bubble size represents relative size of gold reserves, indicative AISC margin based on $1,200 gold price Indicative AISC Margin - Interest Exp US$ per ounce1 500 Newcrest 400 New Barrick 300 Goldcorp Kinross Gold Fields Newmont 200 100 Angl
Slide 8: Newcrest retains long reserve life advantage
Newcrest retains long reserve life advantage Note: Width of bubble size represents relative size of gold reserves, indicative AISC margin based on $1,200 gold price Indicative AISC Margin - Interest Exp US$ per ounce1 500 Newcrest New Barrick 400 300 Goldcorp Gold Fields Kinross 200 Newmont AngloGol
Slide 9: Lihir and Cadia are in a class of their own
Lihir and Cadia are in a class of their own Resource & Reserve base of global majors’ operating assets (moz)1 60.00 Solid bars = ore reserve 50.00 Transparent bars = mineral resource 40.00 moz 30.00 20.00 10.00 - 1 Based on producing assets held by Barrick, Newmont, Goldcorp and Newcrest with an att
Slide 10: Newcrest’s reserve ounces arguably undervalued
Newcrest’s reserve ounces arguably undervalued Enterprise Value to Gold Equivalent Reserve Ounce ($/oz)1 $1,200 $1,000 $800 $600 $400 Avg. (ex NCM) $200 $0 1 Source: FactSet and company reports. Note: Gold equivalent values based on spot commodity prices as at 4 February 2019. Enterprise values base
Slide 11: Strong total shareholder returns
Strong total shareholder returns Total Shareholder Return – 1 July 2015 to 6 February 2018 (%)1 200 150 Cumulative Total Shareholder Return (%) 100 NCM AUD +94% NCM USD +80% 50 Gold Index +30% - (50) (100) 30/06/2015 31/12/2015 30/06/2016 31/12/2016 30/06/2017 31/12/2017 30/06/2018 31/12/2018 Newcre
Slide 12: Value breakthrough strategies
Value breakthrough strategies targeting five breakthroughs by end of calendar 2020 Breakthrough Levers Operating Adopting now Evaluating Developing future NextGen NextGen Intensive pre- Autonomous Undercut-less Post caving cave process Caving conditioning production caving leaching control NextGen P
Slide 13: NextGen Caving
NextGen Caving deeper, more productive Breakthrough challenge: Materially reduce cave establishment costs and improve the productivity of caving as grades decline Remove personnel from hazardous environments Intensive pre-conditioning Cave process control Hydrofracturing equipment, Cadia Elexon cave
Slide 14: NextGen HydroMet
NextGen HydroMet processing complex ores at materially lower cost Breakthrough challenge: Selective treatment based on improved understanding of orebody mineralogy, experimentation and ore type process customisation Partial (selective) oxidation Low cost refractory process Pyrite end members, Lihir
Slide 15: Selective Processing
Selective Processing removing waste earlier from mine to mill Breakthrough challenge: Rejection of unprofitable material as early as possible in the mining and refining process Improve plant performance and mineral recoveries Float residue scavenging Particle sorting Float tails leach, Lihir Ore sor
Slide 16: Robotic Mining
Robotic Mining remote, safe, productive mining Breakthrough challenge: Creating a long term vision of the future mine system and collaborating with developers and manufacturers to make this an operational reality In mine sensing Robotic mine production Proximity detection system, Telfer Remote mobil
Slide 17: Sustainable mines
Sustainable mines reducing footprint and costs Breakthrough challenge: Improve the environmental and social impact of our operations and projects through technology and innovation Renewable energy Energy efficiencies Geothermal power infrastructure, Lihir O2 plant, Lihir Value capture levers • Renew
Slide 18: Cadia – Cash generation plus growth potential
Cadia Cadia – Cash generation plus growth potential Site Process Key Statistics 1 Element Description Gold Reserve Life: ~29 years Mining Panel Cave mining from Cadia Gold Ore Reserves: 22moz East (Panel Cave 1 and 2), Gold Mineral Resources: 38moz with underground crushing and Copper Ore Reserves:
Slide 19: PC2 fully fractured through to surface
PC2 fully fractured through to surface • Substantially reduces the likelihood of exposure to an air gap hazard • PC2 eastern draw is being controlled with a focus on the growth of the eastern wall and cave Yielded Zone back • Improving maturity of fragmentation in PC2 will allow increased efficiency
Slide 20: Northern Tailings Storage Facility repair
Northern Tailings Storage Facility repair • No movement in embankment detected since event • Independent review expected to be finalised by end of March 2019 • Repair plan to be finalised after receipt of independent review findings • Reviewed the STSF and Upper Rodds Creek Dam 19
Slide 21: NextGen Caving improvements
NextGen Caving improvements post April 2017 seismic event Boundary fault hydrofracturing for seismic release Hydrofracturing will be completed on identified high stress faults outside of the cave zone to reduce the potential impact of future fault slips. Near cave fault to be Near cave fault hydrofr
Slide 22: Cadia Expansion PFS Findings
Cadia Expansion PFS Findings1,2 Cadia - uniquely long life Debottlenecking to 33mtpa with upside potential to 35mtpa Project capital: $ 598m IRR: 21% - Plant expansion: $ 58m Payback (years): 8 - PC2-3 development: $ 540m NPV: $887m 1000 120 900 100 800 700 Copper Production (kt) Gold Production (ko
Slide 23: Cadia Gold, Copper & Gold Equivalent production
Cadia Gold, Copper & Gold Equivalent production1,2,3 1 Estimates were prepared to a Prefeasibility Study level with the objective of being subject to an accuracy range of ±25%. The estimates are subject to completion of the Feasibility Study, all necessary permits, internal and regulatory requiremen
Slide 24: Indicative Cadia panel cave development
Indicative Cadia panel cave development1 1 Diagram is taken from the Prefeasibility Study, which was prepared with the objective of being subject to an accuracy range of ±25%. Panel cave development is subject 23 to completion of the Feasibility Study, all necessary permits, internal and regulatory
Slide 25: Cadia’s indicative cave production schedule
Cadia’s indicative cave production schedule1,2 Panel Cave Start Construction First production Ore (mt) PC2-3 FY19 FY22 122 PC1-2 FY21 FY25 401 PC3-1 FY36 FY38 153 PC2-4 FY42 FY43 106 PC5001 FY44 FY47 93 PC1-4 FY48 FY52 154 PC2-5 FY49 FY52 35 35 30 25 Ore Production (mtpa) 20 15 10 5 0 PC1-4 PC2-5 PC
Slide 26: Cadia – Pre-Feasibility Study Indicative mine plan
Cadia – Pre-Feasibility Study Indicative mine plan1,2,3,4 Timing (Years) Total material movement (Mt) Plant Feed (Mt) Average Gold grade (g/t) Average Copper grade (%) FY19 – 21 ~90 ~91 1.0 0.4 FY22 – 24 ~99 ~94 0.6 0.3 FY25 – 27 ~99 ~99 0.5 0.4 FY28 – 30 ~99 ~99 0.4 0.3 FY31 – 33 ~99 ~99 0.5 0.3 FY
Slide 27: Cadia Life of Mine recovery improvement options
Cadia Life of Mine recovery improvement options1 PFS Life of Mine Gold Recovery 72% Further Recovery Improvement Options Innovative Coarse Traditional Option or Ore Flotation Ball Mill Confirmed Recovery Improvements • Extended use of Jameson Cells 3 - 4% • Upgrades to the gravity gold circuit • Exp
Slide 28: Selective Processing
1 Selective Processing Coarse Ore Flotation • Coarse Ore Flotation is an aerated fluidized-bed separator that has demonstrated increased recovery of coarse particles compared to conventional flotation technology • The Coarse Ore Flotation circuit treats the full flotation tailings stream from Train
Slide 29: Full scale coarse ore flotation plant operational
Selective Processing Full scale coarse ore flotation plant operational • Coarse Ore Flotation plant • Cost ~$30m • Trials began July 2018 Coarse ore flotation plant, Cadia 28
Slide 30: NextGen HydroMet – Molybdenum Plant Update
NextGen HydroMet Molybdenum Plant Update Feasibility Study in progress yielding the following results: • Design of a molybdenum separation plant expected to generate ~6,500tpa of 52% molybdenum concentrate • Flow sheet and plant layout optimised through the Feasibility Study • Shipping and logistics
Slide 31: Lihir – Turnaround continues
Lihir Lihir – Turnaround continues Site Process Key Statistics 1 Element Description Gold Reserve Life: ~25 years Gold Ore Reserves: 24moz Mining Open pit drill, blast, load and haul mining, currently in Gold Mineral Resources: 50moz Phase 9 of Minifie Pit and Phases 14 & 15 in Lienitz. FY19 Prod. G
Slide 32: Lihir’s increased throughput lowers AISC per oz
Lihir’s increased throughput lowers AISC per oz 12mtpa 13mtpa 14mtpa 15mtpa By December 2015 By December 2016 By December 2017 By end June 20191 Achieved with 12.4mtpa Achieved with 13mtpa in × Achieved with 15mtpa • Current target in December 2015 December 2016 quarter in March 2018 quarter qua
Slide 33: NextGen HydroMet – partial oxidation strategy
NextGen HydroMet partial oxidation strategy – delivering results Actively manage autoclave throughput based on sulphur content of feed to maximise gold production Microcrystalline Crystalline (blocky) 1 1 pyrite – appears pyrite – appears less more reactive and reactive and generally has higher gene
Slide 34: Lihir - Indicative mine plan
Lihir - Indicative mine plan1,2,3,4,5 Timing Total Material Tonnes to Ex-pit Tonnes Stockpile Tonnes Average Feed Sources Waste (Mt) Plant Feed (Mt)4 (Years) Moved (Mt)3 Stockpiles (Mt) Fed (Mt) Fed (Mt) Grade g/t Minifie & Lienetz, medium grade FY19-23 345-355 135-145 60-65 25-30 40-50 70-80 ~2.7 s
Slide 35: Organic growth options at Lihir
Organic growth options at Lihir1 • Steady increase in mill throughput • Since plant expansion completed in FY13, only small expansion capital spend • Introduction of new operating strategy (partial oxidation) unlocked Lihir FY19 • Aspirational target of 17mtpa – multiple potential avenues to achieve
Slide 36: Lihir - Pursuing improvement in recovery
Lihir - Pursuing improvement in recovery Potential Target Initiative 1 Description Recovery Capital 4 Timing 5 Uplift 2 & 3 Improved process flowsheet to reduce flotation losses. Flash Flotation & Existing Debottleneck and upgrade to existing grinding 2% to 3% $$ FY21 Classification Efficiency class
Slide 37: Telfer – Seeking to maximise value
Telfer Telfer – Seeking to maximise value Site Process Key Statistics 1 Element Description Gold Reserve Life: ~5 years Mining Open pit mining contracted Gold Ore Reserves: 2.0moz to Macmahon Gold Mineral Resources: 6.4moz Underground sub-level cave Copper Ore Reserves: 0.20mt and stope mining contr
Slide 38: Telfer – Indicative mine plan
Telfer – Indicative mine plan Mineral Resource & Ore Reserves1 Cutback Timetable Gold Copper FY19 onwards2,3 Dry Tonnes Grade Insitu Gold Dry Tonnes Insitu Timing Indicative Grade (%) Pit Cutback Stage (Million) (g/t) (Moz) (Million) Copper (Mt) (years) Cost Ore Reserves Main Dome Open Pit 9.3 0.52
Slide 39: Technology & Innovation at Telfer
Technology & Innovation at Telfer Breakthrough challenge: Extend Telfer’s life through step change technologies that materially improve cost base and product quality Particle sorting Pebbles as grinding media Value capture levers Ore sorting Partial replacement of steel balls • Particle sorting • Hy
Slide 40: Telfer - Selective Processing
Telfer - Selective Processing A system changing focus Test results for three months of operation Parameter Test results to date Feed 100 kt Feed gold grade 0.18 g/t Feed copper grade 0.04% Gold recovery 79% Copper recovery 60% Mass recovery to product 26% Gold product grade 0.56g/t Copper product gr
Slide 41: Telfer hedge profile
Telfer hedge profile Financial Year Ending Gold Ounces Hedged Average Price A$/oz 30 June 2019 (Jan – June 2019) 107,134 1,724 30 June 2020 204,794 1,729 30 June 2021 216,639 1,864 30 June 2022 204,615 1,902 30 June 2023 137,919 1,942 Total 871,101 1,836 *During H1 FY19 Newcrest realised 124,090 oun
Slide 42: Gosowong
Gosowong Gosowong Site Process Key Statistics1 2 Element Description Gold Reserve Life: ~2 years Gold Ore Reserves: 0.37 moz Mining Underground mining using predominantly underhand Gold Mineral Resources: 1.1 moz cut-and-fill (Kencana) and long hole stopes with paste FY19 Prod. Guidance: 200-240koz
Slide 43: Gosowong – Indicative mine plan
Gosowong – Indicative mine plan Mineral Resource & Ore Reserves1 Gold Silver Dry Tonnes Grade Insitu Gold Grade Insitu Silver (millions) (g/t) (Moz) (g/t) (Moz) Ore Reserves 1.4 8.1 0.37 12 0.54 Mineral 3.3 10 1.1 14 1.5 Resources Proposed indicative development of Gosowong mining operations2,3 Timi
Slide 44: Gosowong – $1.6bn free cash flow generated
Gosowong – $1.6bn1 free cash flow generated • High grade world-class epithermal • Over 5.6moz gold produced and province discovered by Newcrest ~$1.6bn free cash flow generated geologists in 1993 since first full year of production in 2000 • Gosowong has performed reliably and consistently while del
Slide 45: Wafi-Golpu – Updated Feasibility Study
Wafi-Golpu Wafi-Golpu – Updated Feasibility Study1 Key Statistics – Golpu2 Gold Ore Reserves: 5.5 moz IRR3: ~18.2% (real) Avg. copper grade: 1.27% Gold Mineral Resources: 9.3 moz NPV: ~$2.6bn (real) Avg. gold grade: 0.9 g/t Copper Ore Reserves: 2.5 mt Payback: ~9.5 years from Avg. annual copper comm
Slide 46: Wafi-Golpu – Indicative production
Wafi-Golpu – Indicative production1,2,3 1 Figures above reflect 100% of project, Newcrest owns 50% of the project. These figures are estimates from the updated Feasibility Study (as at 19 March 2018) and as such were prepared with the objective of being subject to an accuracy range of ±15%, with the
Slide 47: Wafi-Golpu – Indicative free cashflow
Wafi-Golpu – Indicative free cashflow1,2 Year post grant of SML 1 2 3 4 5 6 and board approval Undiscounted FCF $(133)m $(374)m $(465)m $(1,003)m $(766)m $(82)m (100% basis) 1 Figures above reflect 100% of project, Newcrest owns 50% of the project. These figures are estimates from the updated Feasib
Slide 48: Wafi-Golpu – Indicative timeline and staging
Wafi-Golpu – Indicative timeline and staging Months From SML 1 & Board Approval 3 Commence Nambonga Decline 58 Process plant commissioning and first production (dev’t ore) 65 Block cave 44 (BC1) first production (first draw bell fired) 72 BC1 commercial production 126 Block cave 42 (BC2) commercial
Slide 49: DSTP the preferred tailings option
DSTP the preferred tailings option Pipe location Huon Gulf Steep sub-sea slopes Deep Canyon Sediment movement towards a 9km deep trench • Extensive scientific studies completed • Western Huon Gulf is a highly suitable environment for DSTP • Environmentally and socially, deep sea tailings placement i
Slide 50: Australia Undercover Search Space – New Approach
Australia Undercover Search Space – New Approach Gold Deposit Endowment Our Cover / Basement Search Young Cover Space Palaeozoic Basement Old Archean-Proterozoic Basement 49 Source: Minex Consulting - https://www.minexconsulting.com/)
Slide 51: Looking deeper in Australia opens new opportunities
Looking deeper in Australia opens new opportunities 1. Looking Deeper in Outcrop Areas 2. Exploring under Cover Cross Section (Not to Scale) High resolution geophysics NO SURFACE Surface MINERALISED EXPRESION OUTCROP OPEN CUT 100m MINE Newcrest UNDER COVER Search Space Traditional Barren Cover 200m
Slide 52: Leveraging of our expertise to look deeper in South America
Leveraging of our expertise to look deeper in South America Satellite Mapping High Resolution Geophysics Ultra trace geochemistry Prospective Hot Crack As Land Surface Alteration Blanket 100m As As Sb Bi Sb 200m Sn Mo Mo Te Epithermal Gold Au Au Shallow Altered Rock 500 Intermediate Sulfidation Depo
Slide 53: Exploration Innovation Smarter and Faster Exploration
Exploration Innovation Smarter and Faster Exploration Ground Selection • Fertility toolbox • Crustal-scale frameworks • Predictive Technologies Smarter and Faster Geochemistry • Ultra low level geochemistry • Machine learning/clustering High Resolution Core Logging • Real-time assaying • High-resolu
Slide 54: What is a Tier 1 deposit?
What is a Tier 1 deposit? “We aspire to a portfolio within 10 years of 5 x Tier 1 assets, 2 - 4 x Tier 2 assets and a strong pre-production pipeline …” Definitions of Tier 1 and Tier 2 assets below used to guide portfolio optimisation decisions: Tier 1 Tier 2 Scale Potential for > 300 kozpa Au Poten
Slide 55: Current exploration footprint
Current exploration footprint North America • Jarbidge (O) • Rattlesnake Hills (O & FI) Mexico • Azucar Minerals (EI) PNG • Wamum project Indonesia (100%) • Antam Alliance • Tatau / Big Tabar Island (O & FI) Cote d’Ivoire Ecuador • Barrick JV (50% JV) • SolGold (EI) • Lundin Gold (EI) • Lundin Gold
Slide 56: Lundin Gold strategic partnership
Lundin Gold strategic partnership Exploration earn-in • HoA to form a JV to explore eight early stage exploration concessions north and south of Fruta del Norte • Up to 50% interest earn-in → $20m over a 5yr period, incl. minimum $4m in first 2 yrs • Newcrest to manage exploration activities • Syner
Slide 57: Ten consecutive halves of strong free cash flow
Ten consecutive halves of strong free cash flow Cumulative free cash flow ($m) $3.5 Billion H1 Free Cash Flow H2 Free Cash Flow 56
Slide 58: Strong balance sheet
Strong balance sheet Debt, Cash and Leverage1,2 5,000 3.0 (times) ($m) 4,000 2.5 3,000 2.0 2,000 1.5 1,000 1.0 - 0.5 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H1 FY19 (1,000) - (2,000) (0.5) US Private Placement Notes Corporate Bonds Other Bilateral Bank Debt Cash (as negative) Leverage Ratio (RH
Slide 59: Good debt structure and clean balance sheet
Good debt structure and clean balance sheet Maturity profile as at 31 December 20181 ($m) 1,200 Corporate Bonds 900 600 300 - FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY42 • No goodwill remaining on the balance sheet • Relatively low level of future mine rehabilitation costs2 1 All Newcrest’s debt is deno
Slide 60: Improving financial policy metrics
Improving financial policy metrics Element Target 30 June 2017 30 June 2018 31 December 2018 Leverage ratio Less than 2.0x Financial Metrics 1.1x 0.7x 0.6x (Net Debt / EBITDA) (for trailing 12 months) Gearing Ratio Less than 25% 16.6% 12.2% 11.5% Credit rating Aim to maintain investment grade Invest
Slide 61: Focused on returns to shareholders
Focused on returns to shareholders Dividend Policy1 Newcrest’s dividend policy seeks to balance financial performance and capital commitments with a prudent leverage and gearing level for the Company. Newcrest looks to pay ordinary dividends that are sustainable over time having regard to its financ
Slide 62: Newcrest’s long-term metal price assumptions
Newcrest’s long-term metal price assumptions used for Reserves and Resources estimates1 Long Term Metal Price Newcrest & Assumptions MMJV Mineral Resources Estimates Gold Price US$1,300/oz Copper Price US$3.40/lb2 Silver Price US$21.00/oz Ore Reserves Estimates Gold Price US$1,200/oz Copper Price US
Slide 63: Mineral Resources and Ore Reserves – Gold Mineral Resources
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Gold Mineral Resources1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 62
Slide 64: Mineral Resources and Ore Reserves – Copper Mineral Resources
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Copper Mineral Resources1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 63
Slide 65: Mineral Resources and Ore Reserves – Gold Ore Reserves
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Gold Ore Reserves1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 64
Slide 66: Mineral Resources and Ore Reserves – Copper Ore Reserves
Newcrest’s Mineral Resources and Ore Reserves 31 December 2018 Copper Ore Reserves1 1 As per Newcrest Annual Statement of Mineral Resources and Ore Reserves as at 31 December 2018. 65
Slide 67: Operating costs – exchange rate exposure estimates
Operating costs – exchange rate exposure estimates Newcrest is a US dollar reporting entity, its operating costs will vary in accordance with the movements in its operating currencies where those costs are not denominated in US dollars. The table below shows indicative currency exposures on operatin
Slide 68: Operating costs – indicative costs by type
Operating costs – indicative costs by type 1 The below represents an indicative exposure on operating costs by a variety of spend types (H1 FY19) Maintenance Energy and Labour 2 Consumables (excl labour) Other3 Total Fuel and Parts Cadia 35% 10% 15% 25% 15% 100% Telfer 30% 10% 15% 15% 30% 100% Lihir
Slide 69: Foreign exchange sensitivities and oil hedges
Foreign exchange sensitivities1 and oil hedges Approximate Half Year Site Parameter Movement EBIT Impact (US$m) Cadia AUD/USD +0.01 AUD (0.75 → 0.76) (4) Telfer AUD/USD +0.01 AUD (0.75 → 0.76) (2) Lihir USD/PGK -0.1 PGK (3.20 → 3.10) (4) Gosowong USD/IDR -1,000 IDR (14,500 → 13,500) (6) Group AUD/US
Slide 70: AISC and AIC to cost of sales reconciliation
AISC and AIC to cost of sales reconciliation 6 months to 31 December 2018 6 months to 31 December 2017 US$m US$/oz US$m US$/oz Gold sales (koz) 1,194 1,126 Cost of Sales1,2 1,267 1,061 1,349 1,198 less Depreciation and amortisation (335) (280) (388) (344) less By-product revenue2 (280) (234) (258) (
Slide 71: H1 FY19 results
H1 FY19 results Element Cadia Lihir Telfer Goso- Bonikro Wafi- Corp / Group wong Golpu Other Gold Production (koz) 453 433 215 102 - - - 1,203 Copper Production (kt) 44 - 8 - - - - 52 AISC ($m) 61 388 287 106 - - 50 892 Capital Expenditure - Production Stripping1 - 25 38 - - - 63 - Sustaining Capita
Slide 72: FY19 guidance
FY19 guidance1 Element Cadia Lihir Telfer Goso- Wafi- Corp / Group wong Golpu Other Gold production (koz) 800-880 950-1,050 400-460 200-240 - - 2,350-2,600 Copper production (kt) ~90 - ~13 - - - 100-110 AISC ($m)2,3 85-155 880-935 530-575 230-250 - 95-110 1,870-1,970 Capital expenditure - Production
Slide 73: Newcrest taps global talent pool through crowdsourcing
Newcrest taps global talent pool through crowdsourcing Lihir Acoustic Machine Health Physical sensors on autoclaves to Cadia Hydrosaver determine sparge predicts tailings tube deterioration underflow density Enabling reuse and recycling of water. Currently moving into production Cadia underground lo
Slide 74: NEWCREST MINING LIMITED
NEWCREST MINING LIMITED Board Forward Shareholder Enquiries to Peter Hay Non-Executive Chairman Link Market Services Sandeep Biswas Managing Director and CEO Tower 4, 727 Collins Street Gerard Bond Finance Director and CFO Melbourne, Victoria, 3000 Philip Aiken AM Non-Executive Director Australia Ro